News Articles

Sirius Hits 3M Subs

12/27/2005 01:23:00 AM Eastern

Fueled by the hype surrounding the Jan. 3 arrival of Howard Stern, satellite radio company Sirius broke  the 3 million subscriber mark.

Sirius was counting on its addition of Stern in a five-year, nine-figure deal, to translate into at least a million more subs as it competes with XM Satellite Radio.
The New York-based Sirius has added more than 800,000 subscribers since the third quarter ended in September. That follows third-quarter additions of more than 359,000 subscribers that brought Sirius' total to 2.2 million.
But  despite the gains, the company remains a long way from financial health.
Morgan Stanley analyst Ben Swinburne says he does not believe Sirius will start generating positive operating cash flow until 2009.

October

News Technology Summit

DoubleTree by Hilton Baltimore--BWI Airport, Linthicum, MD